NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Maharashtra Cabinet Approves Compressed Biogas Policy to Promote Scientific Waste Management

The Maharashtra cabinet has taken a significant step towards promoting scientific waste management and reducing greenhouse gas emissions by approving the state's Compressed Biogas (CBG) Policy, 2026. The policy aims to encourage the development of biogas projects through public-private partnerships, utilizing a hybrid annuity model.

As part of the policy, a coordination committee will be established in every district to oversee the implementation of biogas projects. This move is expected to facilitate the effective management of waste and reduce the state's carbon footprint. Notably, an outlay of Rs 500 crore has been allocated for CBG projects in the current financial year, as per an official release.

In related news, the cabinet also approved the allotment of 42.55 hectares of land to the Maharashtra Industrial Development Corporation (MIDC) for the development of an IT park at Nagewadi in Satara district. This move is expected to boost the state's IT sector and provide employment opportunities for its residents.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

The cabinet also made key decisions in the education sector, with teachers eligible for additional marks in recruitments undertaken by the Higher and Technical Education Department, provided they receive basic salaries in line with the University Grants Commission (UGC) guidelines. Furthermore, a proposal to restructure the premium payable for conversion of land tenure from Occupant Class-2 to Class-1, in accordance with the state's land holding norms, was approved at the meeting.

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